Wiley Cpaexcel Exam Review 2022 Focus Notes Business Environment and - Concept

Quickly learn and retain critical CPA exam informationWiley's CPA Jan 2022 Focus Notes: Business Environment and Concepts delivers practical and hands-on flashcard-style notes on the Business Environment and Concepts (BEC) portion of the Certified Public Accountants series of exams. The Focus Notes include coverage of every competency tested by the challenging exam, including:* Corporate Governance* Economic Concepts and Analysis* Financial Management* Information Technology* Operations ManagementIdeal for rapid, efficient, and effective preparation for the BEC-CPA exam, these Focus Notes are an irreplaceable study aid for students from any background.

List of contents

Preface xiCorporate Governance and Internal Control 1Corporate Rights, Responsibilities, and Authority 117 Principles of Internal Control 6Limitations of and Deficiencies in Accounting Controls 10Categories of Controls 12Internal Control Monitoring Purpose and Terminology 15Fraud Risk Management 19The COSO ERM Model 22Enterprise Risk Management: Limitations 25Introduction to Enterprise Risk Management 26ERM Components, Principles, and Terms 32ERM Governance and Culture--Principles 1-5 36ERM Strategy and Objective Setting--Principles 6-7 37ERM Strategy and Objective Setting--Principles 8-10 38ERM Performance, Review, and Communication--Principles 10-11 39ERM Performance, Review, and Communication--Principle 12 40ERM Performance, Review, and Communication--Principle 13 41ERM Performance, Review, and Communication--Principle 14 42Monitoring, Review, and Revision--ERM Principles 15-16 43Monitoring, Review, and Revision--ERM Principles 16-17 44ERM Communication and Reporting--Principle 18 45ERM Communication and Reporting--Principles 19-20 46Practical Steps for Starting an Enterprise Risk Management (ERM) Initiative 47Information Technology and Communications 50Risks and Controls in Computer-Based Accounting Information Systems 50The COBIT Model of IT Governance and Management 52System Development and Implementation 55Introduction to E-Business and E-Commerce 57Risks of E-Commerce 58Introduction to Enterprise-Wide and Cloud-Based Systems 59Data Governance and Data Management 61Data, Metadata, and Data Integrity 67Data Structures, Software, and Databases 71Information Systems Hardware 73Size and Power of Computers 74Storage Devices 75Transaction Processing 76Accounting System Cycles 77Emerging AIS Technologies 78What is Big Data? 83Bitcoin and Blockchain 85Artificial Intelligence and Machine Learning 89Computer Networks and Data Communications 96The Internet--Structure and Protocols 98Economic Concepts 101Demand 101Supply 105Market Equilibrium 108Consumer Demand and Utility Theory 110Inputs and the Cost of Production 111Gross Measures--Economic Activity 113Gross Measures--Employment/Unemployment 114Aggregate Demand and Supply 115Business Cycle 116Price Levels and Inflation/Deflation 118Money, Banking, and Monetary/Fiscal Policy 121Reasons for International Activity 123Introduction to Business Strategy and Market Analysis 127Financial Management 128Introduction to Financial Management 128Time Value of Money Tools 132Financial Valuation 134Introduction and the Payback Period Approach 135Introduction and Financial/Capital Structure 140Introduction to Working Capital Management 148Accounts Receivable Management 152Quality and Inventory Management 153Quality Control 157Performance Measures and Management Techniques 164Manufacturing Costs 164Costing Methods 166Cost Behavior Patterns 170Absorption and Direct Costing 175Joint and By-Product Costing 181Budgeting 184Master and Static Budgets 185Forecasting Techniques 191Cost-Volume-Profit (Breakeven) Analysis Calculations 194Transfer Pricing and Benchmarking 196Measurement Frameworks 197Project Management and Benchmarking 202Index 206

About the author

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Product details

• Authors: Wiley, . Wiley
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Released: 31.01.2022
• EAN: 9781119848592
• ISBN: 978-1-119-84859-2
• No. of pages: 224
• Subjects: Social sciences, law, business > Business > Business administration; Rechnungswesen, Accounting, CPA (US-Wirtschaftsprüfer), CPA, CPA / Review